JORC Resource

The deposit hosts an independent JORC (2012) Mineral Resource Estimate of 12.40Mt @ 1.17% Li₂O (0.30% cut-off) across three (3) spodumene-bearing pegmatite dykes. All pegmatite dykes remain open along strike with potential for significant resource growth.

The Mineral Resource Estimate incorporates 171 diamond core drill holes (70 historic plus 101 drilled by Lithium Springs), with over 36km of diamond drilling completed since October 2022.

Highlights of diamond core drilling included in the Mineral Resource Estimate:

BL-93-04 which hit 41.80m @ 1.27% Li₂O from 47m depth
BZ-02-04 which hit 35.80m @ 1.38% Li₂O from 52m depth
BZ-10-20 which hit 28.40m @ 1.33% Li₂O from 1.5m depth
AR-22-06a which hit 18.04m @ 1.66% Li₂O from 347m depth
AR-23-042 which hit 19.00m @ 1.89% Li₂O from 357m depth
AR-23-038 which hit 27.00m @ 1.59% Li₂O from 281m depth
AR-23-057 which hit 34.00m @ 1.50% Li₂O from 471m depth

A Scoping Study has been completed on a first-phase 0.75Mtpa underground mine producing approximately 1.1Mt of clean SC6 spodumene concentrate (6% Li₂O) over an initial 10-year mine life, for domestic and / or global markets. If further exploration success and an increase in mineral resources is achieved, expanded production scenarios will be assessed.